Introduction

Dolgopyatova, Tatiana; Iwasaki, Ichiro; Yakovlev, Andrei

doi:10.1057/9780230249493_1

Cited by 2 publications

(3 citation statements)

References 5 publications

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“…This result is consistent with those of Gaio and Pinto (2018), who revealed that for a broad set of European firms during 2003–2010, public SOEs are more involved in earnings management than public non-SOEs [10]. Higher discretionary accruals in Russian SOEs may be partly explained by the mere fact that SOEs management in Russia typically consists of hired employees, while private sector companies are characterized by a relatively limited degree of separation between ownership and control (Dolgopyatova et al , 2009, pp. 39–61).…”

Section: Resultssupporting

confidence: 87%

“…Taking into account significant specifics of the Russian regulatory and business environment, our research could support further developments in corporate governance studies on institutionally peculiar emerging markets with prevailing principal–principal conflicts. For example, the analysis of Russian companies considers the relationship between the characteristics of audit committees and earnings management in light of the presence of dominant controlling shareholders, as there is little separation of ownership and control in Russian companies (Chernykh, 2008; Dolgopyatova et al , 2009).…”

Section: Introductionmentioning

confidence: 99%

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Audit committee composition and earnings management in a specific institutional environment: the case of Russia

Nikulin

Smirnov

Sviridov

et al. 2022

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Purpose The purpose of this paper is to investigate the specifics of the relationship between audit committee characteristics and earnings management in Russian listed companies. This research is driven by the possibility of placing this relationship within the context of a specific institutional environment for company performance. Design/methodology/approach The authors apply a panel study of 184 Russian listed companies for the period 2014–2018. In addition to the standard fixed effects model, the authors test the results for potential endogeneity with two-stage least squares (2SLS) analysis. Findings The results show that audit committee representation on the board of directors results in some mitigation of earnings management. Results reveal that a higher level of audit committee independence and the presence of financial expertise on the committee are associated with lower earnings management. However, companies with relatively busy directors on audit committees are more inclined to practice earnings management. The study’s findings hold after testing for endogeneity of audit committee independence. The authors also reveal that some audit committee characteristics (for example, audit committee independence; its level of expertise) alleviate earnings management in listed state-owned companies (SOEs) more strongly than in listed non-SOEs. Originality/value The results add to the ongoing debate on the role of corporate governance mechanisms in mitigating earnings management in emerging markets by taking into account the type of ownership (state-owned vs private) as a moderating variable. This study reveals, in particular, that the effect of certain audit committee characteristics on earnings management is more prominent in listed SOEs than in listed non-SOEs.

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Section: Resultssupporting

confidence: 87%

Section: Introductionmentioning

confidence: 99%

Audit committee composition and earnings management in a specific institutional environment: the case of Russia

Nikulin

Smirnov

Sviridov

et al. 2022

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“…It results from the need to respond to market and government failures such as weak legal protection, an inefficient labour market, difficult access to capital markets and opportunistic managerial behaviour. In most Russian companies, a dominant owner had appeared by the early 2000s, and newly created firms immediately belonged to large owners (Dolgopyatova et al , 2009). Today’s business environment in Russia is overwhelmed by majority-owned companies (Khattak et al , 2020).…”

Section: Research Antecedents and Theoretical Backgroundmentioning

confidence: 99%

Do CEO characteristics matter for corporate risk taking? Evidence from Russia

García-Gómez

Zavertiaeva

López‐Iturriaga

2023

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Purpose This paper aims to study the impact of CEOs’ personality and social connections on corporate risk-taking in the Russian market. Design/methodology/approach Using a sample of 93 large listed Russian corporations between 2008 and 2016, this study tests a range of personal traits, including the classical personal characteristics like age and tenure, some country-specific traits such as connections and military experience, as well as other human and social capital characteristics. Findings This study finds non-linear relationships between corporate risk-taking and CEO age and tenure. This study also finds that firms run by CEOs with military experience take more corporate risk. On the CEOs’ social capital side, this study’s results suggest that both political and educational connections are positively related to corporate risk-taking. Originality/value This study also tests some traits that have usually been ignored by the literature, such as marital and family status.

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Introduction

Cited by 2 publications

References 5 publications

Audit committee composition and earnings management in a specific institutional environment: the case of Russia

Audit committee composition and earnings management in a specific institutional environment: the case of Russia

Do CEO characteristics matter for corporate risk taking? Evidence from Russia

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